Indonesia has raised USD 2.54 billion through a dual-currency bond deal in US dollars and euros, the finance ministry said in a statement late Thursday. The proceeds will be used to finance the 2025 state budget, while funds from the sustainable bond will specifically support Sustainable Development Goal (SDG) projects, the ministry added. The bonds were issued in three tranches: 5.5-year, 10.5-year, and 8-year tenors, raising USD 600 million, USD 1.25 billion, and EUR 600 million (approximately USD 693.72 million), respectively. Final yields were set at 4.35% for the 5.5-year bond, 4.95% for the 10.5-year USD-denominated bond, and 3.75% for the 8-year euro-denominated sustainable bond. Indonesia typically offers foreign investors bonds denominated in US dollars, euros, and Japanese yen, and is also a regular issuer of Islamic bonds. Last July, the government projected the budget deficit would rise to 2.78% of GDP, up from the earlier projection of 2.53%.